#query {background: #ebf5fd; color: #4f4f4f; letter-spacing: 1px; padding: 5px; border: 1px #001b31 solid; text-indent: 3%; font-size: small;} form#search_query { color: #FDFCFB; text-align: left; margin: 0px; }

Dear Friends please advise the bonus amount as per the cases mentioned below. I am in confusion whether gross salary is used for bonus calculation or not.
Whether Over Time is also considered or not.
CASE 1:-
Basic Earning = Rs. 12000/-
HRA Earned = Rs. 8000/-
Over Time Earned = Rs. 2000/-
What will be Bonus for Case 1 ?
CASE 2:-
Basic Earning = Rs. 6000/-
HRA Earned = Rs. 3000/-
Conveyance = Rs. 10000/-
Other Allowance = Rs. 1000/-
Over Time Earned = Rs. 2000/-
What will be the Bonus for Case 2 ?
25th July 2018 From India, Kundli
Dear Heritageindia,
Before raising your query, it would have been better that you made a reading of the definition of the term "salary or wage" as given in sec.2(21) of the Payment of Bonus Act,1965.
Only, the employees' total earnings comprising basic and dearness allowance in the accounting year have to be taken into account for the purpose of calculation of bonus for that year. All other allowances including O.T, incentive etc have to be excluded.
26th July 2018 From India, Salem
Could you guys help me out How to calculate Attrition % for month.?
Example-Year Attrition % is Total No. of Attrites / Manpower X 100
17th October 2018 From India, Himmatnagar
Calculation of Bonus Should Be Done On Basic+DA
Thanks & Regards,
From,
Sumit Kumar Saxena
30th October 2018 From India, Ghaziabad
Dear Heritageindia,
Please refer your quarry, refer the definition of the term "salary or wage" as given in sec.2(21) of the Payment of Bonus Act,1965.
Only, the employees' total earnings comprising basic and dearness allowance in the accounting year have to be taken into account for the purpose of calculation of bonus for that year.
All other allowances including O.T, incentive etc have to be excluded.
24th November 2018 From India, Gurgaon
While calculating the Bonus,only Basic pay + DA is including, other all allowance are excluded.
29th November 2018 From India, New Delhi

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)